Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Lets see whar happens the bid may be withdrawn if they can sort it out in pruvate as most companies would have done by now honestly cant see this dropping much below where we are now as the nav will be mych higher once the jorc is out and we still own 50% at the end of the day dont worry too much this can shift upwards very quickly once the ownership issue is concluded fingers crossed anyway no brainer hold at these levels for me gl.
But this spat, falling out, takeover attempt has done nothing but damage institutional and retail shareholders, destorying value as I have watched my holding drop in value as the SP has tanked from 40+p to where we are now on the uncertainty. Yes GGG have plenty of money but going in balls out and guns blazing without major II / shareholder support was stupid and AZX have reacted like I expected they would to an unsolicited and opportunistic approach from GGG which cam out of nowhere. The saving grace is that it has forced an acceleration of activity on BBling by AZX but its difficult to see how we are going to get through this as the JV is basically not talking to each other now! I understand that the sides were talking last week so lets hope for a resolution sharpish, I dont see the AZX holders accepting the scrip offer now that the GGG price has fallen so far as its not good value i think they would have to increase it to a 8 for 5 or higher, by extending the offer however it prevents AZX from raising funds further and I suppose all AZX holders have got to look forward to its dilution as i dont see them being able to pull off the AIM listing as that seemed very reactionary to me....interesting to watch but would like this to come to an amicable end so we can increase value as the JORC comes out and we can get back up to 50p trading range.
This is very messy now and newds sorting pronto still hard to call for me but ill be holdung fir the jorc both sps will rise anyway once we have clarity the uncertainty is killing the sp at the mo imo.
are well and truly off here, this has been really interesting watching the punches and counter punches, to be honest i dont currently care what the SP is as im loving all the claim and counter claim and watching the corporate world in action, im on the fence as towho will ultimately win his little duel but I feel that Auzex is too little too late and that they are clinging by a thread, time will tell....
sold up unfortunately guys feel ore offers me better short term upside worried about lack of interest and liquidity here but may come back once news is released as this looks oversold now, bye for now but will be back at a later date once this starts motoring...gl vh
Strong day here 45p again before we know it...lol gl all vh
Nice rise today ive had a terrible last few months topped off by blvn tanking today everything conspiribg against me at the mo cant wait for the good times to return my net worth has been severly depleted still here and keeping the faith!
Know this can shift on small volume 35p tomorrow hmmmm
Really testing my patience already running a big loss here keep questioning everything but for me i am now very locked in and refuse to accept the losses clinging to the hope that others will notice the potential and drive the price up on news my fear is fantastic results are released and we have say 2 million traded and about 100 ish trades and only see small increases as seems the way with this share either way im stuck here now so have to make the best of it...! Wish i could be more positive just had a bad day gl all vh.
Like the update much clearer now should have this sorted out in one month asx listing decision is key to getting back ro 45p should rise on anticipation
Well put i too have contemplated moving elsewhere my issue is i have no idea when we are likely to get an updated resources figure 1/2/3 months anyone any idea.....?
Need this sorting out and need the bulla jorc news asap to get this back up and pushung 50p again all this uncertainty is surpressing the price in my opinion
Is that no matter what news is released hardly anything seems to happen up or down lately the volume is really low we need several days of 1 mil plus to gwt this going hopefully resource update will do something
6p to buy guess we will be involves in placement so soubt our ultimate holding will go down much we will find out at end of april for sure
On reflection im still happy with my investment here despite making no gains so far i still think the company has good prospects based on their recent finds. The slightly frustrating part is that we have had no formal timescale proposed for the continuing drill assay results and subsequent mangenite resources calculations and or upgrades. I do believe there is upside here but would lime some solid info on the forward programme key dates and milestone commitments we are left wondering now as to what next and when...! Izzy sniffer whats your thoughts regarding when we are likely to see info regarding a resource model and some solid booked and compliant numbers which is clearly what tbe market is waiting for given the muted (some say pathetic) reaction to the recent rns...? Also anyone any ideas on broker activity do they actually exist seem a bit like shergar lord lucan or the scarlet pimpernel to me...
We would get a much better rise today, dissapointed but will see where this goes over the next two weeks, guess we will get updated final results and an update regarding galaxy soon hopefully get us going painful watching this share sometimes was pinning my hopes on this drill getting us back up to 7p and above sharpish guess i just need to be a bit more patient
Not much action so far, halifax showing a drop in fact i really thought this would get us going in the right direction given the recent drops, i really hope i am prooved wrong this just seems so undervalued but its also so under the radar that i reckon if we had discovered a tonne of gold we would be no better if off sometimes i dont understand the market. Anyway fingers crossed we will see a rise at some point over next few days
5.85 open closing around 7.5/8 then maybe double figures over next 2 weeks
Lets hope this gets up going fingers crossed for a sustained rise over next few days gl all opening sp bets anyone...-?